Treasury Laws Amendment (Reuniting More Superannuation) Bill 2020

Type: Government
Portfolio: Treasury
Originating house: House of Representatives
Status: Act
Parliament no: 46

Summary

Amends the: Retirement Savings Accounts Act 1997, Superannuation Industry (Supervision) Act 1993 and Superannuation (Unclaimed Money and Lost Members) Act 1999 to: facilitate the closure of eligible rollover funds by 30 June 2021; and enable the Commissioner of Taxation to reunite amounts he or she receives from eligible rollover funds with a member's active account; and Income Tax Assessment Act 1997 and Taxation Administration Act 1953 to make consequential amendments.

Progress

House of Representatives
Introduced and read a first time	06 Feb 2020
Second reading moved	06 Feb 2020
Second reading debate	11 Feb 2020
Second reading agreed to	11 Feb 2020
Third reading agreed to	11 Feb 2020

Senate
Introduced and read a first time	12 Feb 2020
Second reading moved	12 Feb 2020
Second reading debate	24 Feb 2021
Second reading debate	25 Feb 2021
Second reading agreed to	25 Feb 2021
Committee of the Whole debate Amendment details: 14 Government agreed to Requests details: 2 Government agreed to	25 Feb 2021
Bill agreed to, subject to requests	25 Feb 2021

House of Representatives
Consideration of Senate message Details: House made Senate requested amendments	25 Feb 2021

Senate
Third reading agreed to	15 Mar 2021

House of Representatives
Consideration of Senate message Details: House agreed to Senate amendments	16 Mar 2021


Finally passed both Houses	16 Mar 2021
Assent Act no: 24 Year: 2021	22 Mar 2021

Documents and transcripts

Text of bill

First reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Supplementary explanatory memorandum

Transcript of speeches

Proposed amendments

Senate

Government [sheet SH137]

Pauline Hanson's One Nation [sheet 8892]
HANSON, Sen Pauline

Schedules of amendments

Schedules of the requests by the Senate for amendments and the amendments made by the Senate

Schedule of the amendments made by the Senate

Bills digest

Bills Digest

Notes

Considered by scrutiny committee (12/02/2020): Senate Standing Committee for the Scrutiny of Bills; Scrutiny Digest 3 of 2020
An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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House of Representatives

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